2013-01-06
2013-01-14
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CSPAN 17
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a bunch of democrats saying we don't want any spending cuts, entitlement cuts, nothing. just pass the debt ceiling. no spending. >> do whatever it takes. apparently the hurdle is some legality. not whether it's a good idea, not whether it calls into question the independence of the central bank, the independence of whether the treasury will now have the new power to print money whatever it has. as long as it's legal. let me tell you. of all these options, the magic coin option, the 14th amendment may be the worst option. it will be challenged in court. the court moves forward. you end up with two classes of u.s. debt, one which people have a lot of confidence in, then this different class of debt which was created under this who knows what new legal authority that they found. >> this is the point. let me go right. the i.o.u. this is interesting. edward klinebard, former chief of staff at the congressional joint committee on taxation is now teaching law at the university of southern california. now, he says that congress has constitutional authority to raise the debt and only the congress.

is performing and has put the whale behind him. that said, i don't want you to buy it or any of the banks ahead. it's too hard. especially after wells fargo dropped today. even though it reported a pretty darn good quarter. we get results from ebay. the longest time i have stood behind ebay, but my charitable trust recently sold it after a huge run-up. it kept going higher. this stock, though, did get hammered the last time it reported because the market failed to recognize the inherent value of pay pal. the on-line credit card company buried within ebay. be ready to buy if this this happens again. my trust might be there with you. next up, kinder morgan energy partners, kmp. the partnerships finished 2012 terribly, in part because the people were worried that the tax breaks they enjoyed would be erased by the fiscal cliff. buyers are still skittish because they remain under a cloud, a cloud of low natural gas, the possibility of the debt ceiling negotiations might include new revenue raised by taxing them. you know what, that's the same old-same old. i don't care about it. i like kinder morgan

, we'll give it to you to do the background check and give it to you to sell things we don't want sold at gun shows. they think they will bring the business to them. get those groups on board. if you have wal-mart and bass pro shoppous have a conservative shopper there. it's an interesting tactic. make a quick point. the obama administration is selectively picks its issues it wants to go after and the one it doesn't. arizona decided they had their own immigration law. the department of justice says no, no, you can't do that. we'll sue you. arizona sues arizona. they will enforce the federal law, not the arizona law. pot in colorado, pot in washington state, you have your own law there. we'll look the other way on your law there. because they don't care about it. >> andrea: california. >> eric: not so much california. but the point they want guns. they want to go after guns so they will find a way, find an tissue go and really beef up the gun control. >> andrea: they also shrekively picked their allies, bob, right? >> bob: what administration doesn't pick issues they want to go after? >

with personal integrity and don't sacrifice their academics. that's what it's supposed to be about, not just cheering as a bunch of people injure each other on the field for all of our superficial entertainment. >>> good evening. on a day when accused aurora shooter james holmes listened to testimony about his brutal massacre while family members in the courtroom sobbed, on a day when still traumatized students in newtown, connecticut, were sent to school on the first monday of the year, this country is grappling with gun violence like never before. here is my position loud and clear. i am in favor of a nationwide ban on semiautomatic assault weapons and high quantity magazines and require dealers to run background checks on buyers at gun shows and i would like to see the president increase mental health funding for all americans who need it. these are entirely reasonable reactions to the outrages that have occurred in america over the last few months. tonight, i'll go head to head with a man who actually want to deport me for having these views. apparently, 104,000 americans are in agreemen

-american for attacking the second amendment. >> i think gabby and i, i don't think you can get more american than the two of us. i served in combat, in desert storm, 39 missions over iraq and kuwait. gabby is a former member of congress from a western district, a gun owner who strongly supports the second amendment, but on issues like assault weapons and high capacity magazines and universal background checks, we differ with the nra, with the nra leadership. but in fact, i think a lot of, you know, our positions on this subject, are much in line with the nra membership. >> i think that's true. and i think a lot of people who are with the nra or affiliated with it feel uneasy with the intransigence coming after massacres like sandy hook. i want to play you a clip from my interview with alex jones. it's been watched by over 5 million people now, gone viral, and some people find it entertaining. i didn't. i found it terrifying. let's listen to what he had to say. >> i'm here to tell you, 1776 will commence again if you try to take our firearms. doesn't matter how many lemmings you get on the street begging

could stop by. i was wondering -- >> you're calling 911 because you don't like the way that they're making your sandwich? >> exactly. >> so don't buy it. >> great advice. 911 operator. if you don't like the way someone is making your sandwich, don't call 911. just don't buy it. when all else fails, speak softly and carry a ketchup bottle. we'll see you in an hour. "piers morgan tonight" starts right now. >>> good evening. on a day when accused aurora shooter james holmes listened to testimony about his brutal massacre while family members in the courtroom sobbed, on a day when still traumatized students in newtown, connecticut, were sent to school on the first monday of the year, this country is grappling with gun violence like never before. here is my position loud and clear. i am in favor of a nationwide ban on semiautomatic assault weapons and high quantity magazines and require dealers to run background checks on buyers at gun shows and i would like to see the president increase mental health funding for all americans who need it. these are entirely reasonable reactions to th

. this is something that don rumsfeld tried and failed to do. it's something that bob gates tried and failed to do in any serious way. and now, given the budget pressures, this is going to be the moment for performance. >> rose: a couple of points, i guess. rumsfeld would argue that we had a big war came along and bob gates would argue that in the end he did cut it somewhat. >> somewhat. but if you look at the total national security budget, charlie, which would be not just the pentagon but also the intelligence agencies, homeland security, it's basically doubled since the 9/11 attacks. >> rose: and weapons systems you don't really need in the judgment of many people other than those people who represent the districts where they're located. >> leftovers from the cold war and, remember, the president himself came in supported by chuck hagel on this point with the thought that there was a moment here to really build down on the nuclear force. and so far they have not been able to do that except some modest cuts when they passed the start treaty with russia early in the president's time. >> rose: tal

of alabama. no, i'm dead serious. i'm not really that shocked. >> you don't want to end up like brent musburger. >> no, it's the opposite of brent musburger, and i'm dead serious. if you go to ole miss, if you go to the university of alabama, if you go to auburn, even. i guess you yankees aren't used to -- >> we don't have that in the north. >> no, i'm dead serious. i mean, you look -- you know what? seriously, i looked at that picture and said, she's pretty. and you know what she looks like? she looks like a lot of other really pretty sorority girls at university of alabama or ole miss or auburn or i don't know. do you guys have them up at swanee? >> absolutely. >> i mean sororities. >> yeah. >> do you have sororities? >> absolutely. >> it's just not all that. get over it, move on. >> he doesn't get out a lot. >> you've got a dynasty. >> this is a different kind of s.e.c. dynasty. >> yeah. but we're used to it. we're used to it. >> this is not going to go on for nine minutes. >> you know what is going to go on for nine minutes, though? seriously, seriously, aig. >> aig. >> you know,

like nick camerada, that kind of protection can't come soon enough. >> now that we don't have a seawall down there or any type of protection down at the water, when i rebuild, what's going to stop the next storm? the real money should be spent on protecting the community from the ocean coming back up. there's nothing to stop the next storm from doing basically the same thing to the community, just flooding us, possibly killing us. >> i'm here to tell you, 1776 will commence again if you try to take our firearms. >> but get ready, the president appears ready to make some changes with or without congress' approval. how many gun murders were there in great britain? >> how many great white sharks kill people every year but they're scared to swim? >> plus, a man who knows all too well the tragic toll of gun violence. former congressman patrick kennedy. >> i was just disturbed. disturbed as a human being that this is what our civil discourse has come to. >> and i go toe-to-toe with this gun advocate. >> what you're doing is deliberately lying, deliberately twisting it. >> this is "piers morga

europe don't come crashing against american >>> "outfront" next, another school shooting. officials say a 16-year-old student entered a classroom with a shotgun and opened fire. >>> plus, is estrogen the answer for obama or are more women more problems. >>> and breaking news tonight, there is a flu epidemic in america, so why are hospitals overwhelmed, turning people away, and not prepared? let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight, a school shooting. officials say a 16-year-old student armed with a shotgun entered a high school classroom in rural california today and opened fire. they say one student he shot is in critical condition tonight. he shot at a second student, but missed. the 16-year-old shooter is in police custody at this hour. our kyung lah is outside taft high school in taft, california. it's about 120 miles northwest of los angeles, as you see there. and kyung, what more can you tell us about the shooter and the possible motive? >> reporter: well, what we know is that first, police say he absolutely targeted those two boys, the

>>> final trade. mike? >> don't trade the miners. but i think abx valuation looks reasonable here. >> ambassador? >> yndx get out. >> mastercard still works, folks. >> karen? >> ddgi. >> josh brown? >> myl, still cheap. >> thank you so much for watching. don't forget, the cnbc exclusive with the ceo of herbalife, that's at 11:45 a.m. eastern time. we'll see you back here tomorrow for more "fast money" at 5:00. meantime, "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, trying to save you a little money here. my job's not just to entertain, but to educate, teach you how the market works. call me at 1-800-743-cnbc. the script right now says the companies are supposed to be performing horribly. we're supposed to be geared for disappointment. which makes

are not going to want to come as somebody's deputy. i don't know how they're going to fill out the lew treasury department, but i expect they will take some care and attention to tending those relationships. but when you look at the big guns on wall street, they're not going to go in as somebody's number two. >> john, was jack lew the first and only choice? >> that's been the principal focus of speculation from the beginning. i remember having a conversation with roger altman who is a friend of this program and somebody that served in the clinton administration about after the election how the president was going to fill out his cabinet. and he said if you look at the pattern that this president has followed, it has tended to pick people close to him who he feels very comfortable with. the criticism of president obama from some is that he's insular and that he has a very close circle. the positive of that is that it's a pretty cohesive group and he deals with people that he's comfortable with. and jack lew is clearly one of those people. >> you know, john, i know when you read the "new york tim

, they're just older, kind of older voters that vote republican. >> i don't know if they're voting at all. most of them are in prison. you know, what happened was these are all kids, this all happened after world war ii. we all went on a car buying binge, filled up the gas and the exhaust peaches poisoned children. the kids grew up and started committing more crime. we took lead out of gasoline starting in 1975, and if you go, you know, 15-20 years ahead wait for those kids to grow one they commit less crime. so from about 1991 forward there's been a very steep drop in crime. now, all those kids who were exposed to lead and became criminals in the 1970's and 1980's, we locked them up. we built a ton of prisons doubled prison capacity, then doubled it again. most of those kids are in prison. here's what's interesting. right now today the arrest rates for teenagers 18, 19, 20-year-olds is down, but the arrest rates for older people, 35 40, 45-year-olds is up. that's because those are the same people who were lead poisoned as kids, put in prison, now being let out but they're still violent s

. >> you ready? >> i am. i'm ready. ready to -- i don't know. i'm ready. >> you ready? >> i'm ready. i might -- i don't know. we'll see how i feel. no, i'll be here. >> okay. >> don't worry. >>> let's talk about boeing and the dreamliner. more news on the front page of many papers today. lots of continued problems including this one -- japan's all nippon airways canceled a boeing 787 dreamliner flight scheduled to flight from western japan to tokyo today. the airline citing brake problems. and this add to a series of setbacks for the aircraft this week. yesterday a fuel leak forced another 787 operated by japan airlines to cancel takeoff at boston's logan airport. and on monday, there was an electrical fire on another 787 after a japan airlines flight to boston from tokyo got -- caught fire. boeing's asian customers are rallying behind the planemaker, arguing the incidents are glitches that can happen to new planes. the customers say they have no plans to scale back or cancel orders for the aircraft, but maybe we can take a look at the stock. you can see it's kind of hit over the past

. >> that's what sold me, was how great this supple tastes. >> since taking supple, i don't have any pain. >> that's just incredible. now, on our last show together, we talked about how the key ingredients in supple are the standard of care for the treatment of joint pain in europe. and really, the response has been amazing. from what i hear, you've been able to help millions of people. >> we're arthritis advocates and the active agents in supple, they've fast become the most used, best-selling joint rebuilding agents of all time. 13 million people are using these all over the world for safe, significant and complete relief, complete relief from all their joint problems. there's no question that supple works. >> and now you're seeing these kinds of results because there's a direct connection between the root causes of joint pain and the lack of core building blocks that your body needs to function properly. >> but it's not just joint pain. >> ok. >> it's also bone pain and muscle pain, overall weakness and fatigue too. all these things are linked to a common nutritional deficiency that's

too hot and it ripped off her skin, so she's been terrified since then. >> don't tear it. don't tear it. >> it's all done. it's all done. it's all done. it's all done. see, look how pretty it looks. >> it does look pretty. that girl is at least 4 or 5 years old. so, you know, 3, unlike the other kid. being a crusader for hair removal is not for the faint of heart. for the latest activist, farrah abraham, she tweets, quote, unibrows are not sacred, exclamation mark. do the right thing, tweeze no matter what age. now, that is what i call a taking a stand, not to mention waxing poetic on the ridiculist. that does it for us. we'll see you one hour from now. all the latest news at 10:00 p.m. eastern. "piers morgan tonight" starts now. >>> tonight, another school, another shooting. where will it end? >> the shooter had numerous rounds of shotgun shells, 12-gauge shotgun. numerous rounds in his pocket. >> there was blood everywhere. >> now the clock is ticking. what will the white house do? >> even if what we do only saves one life, it makes sense. >> i'll talk to gabby giffords' husband, m

sheets. >> china looking better, europe not as bad. >> you're, i don't know about that. >> well, we call this the economy in a coma. basically without these trillions of dollars of stimulus, we would be in a downturn, in a depression because we also have 42 trillion in private debt, the greatest debt bubble in history and that needs to unwind. basically ben bernanke and the economists are just saying we're just not going to let this slowdown happen. we're not going to let the debt de-leverage. if you don't let the debt de-leverage or restructure japan, the same thing japan has done, quantitative easing forever, you never come out of this because the debt keeps weighing on the economy so not only do you have slowing demographics. we've got a 200 to 300-pound weight on our back and you can't run very fast. we get 2% growth with massive life support. we're in the emergency room on life support only because of this trillions of dollars of stimulus. i guarantee -- >> what's the catalyst? >> you take away this stimulus for one year, and this economy dies. >> harry, stay right there. want to ge

, because we all know that things are actually quite worse than expected. don't they have to be? you know what? to quote marshall sam gerard, when confronted with richard kimball's i didn't kill my wife defense, in "the fugitive," i don't care about the negativity. i don't care about the pessimism, i've got to find more seagates, i've got to get more strykers and find the themes that can produce them. i've given you a few to fall back on earlier this week, housing recovery, right? the regional bank strength. the insurance stocks, the autos. >> buy, buy, buy! >> into weakness, people. people say, oh, cramer, you like bank of america, it's down -- yeah, bank of america was down, stocks that go up 100% last year, they can go down. i like them when they go down. that's the point of this article, this piece, whatever i'm doing here. these are all fertile areas that could produce the upside surprises that drive stocks higher after the market's brought them lower, and tonight i've got two new ones. first is aerospace. by now, we've all seen the stories about boeing's troubled dream liner, nothin

, what they think they know because someone told them what they don't know what all. the other difficulty about writing about the recent past is that it's not always easy to establish the past. the past that is so close to us. and yet, this is. to take apart, or commonsense view of the recent past and to interrogate what we think we know. to demystify a comedy mythologize, to move beyond the clichÉ about winners and losers and saints and sinners and the wisdom and encourage of our forefathers, especially those of the greatest generation. our job as historians. grounded in evidence. the life of joseph p. kennedy was, for me, a sort of anti-fun house mirror. which, if i looked at it long enough, would reflect back to me often a hazy and indistinct, distorted forms, images of the things and people and places which organized and arranged and told the story of 20th century america. i was a colleague of arthur's lessons are in the city of new york. i had used a treasure trove of material is that jean kennedy smith's daughter, who is writing letters from her father to her aunt and uncles, and i

and played -- i don't know. it was bad. >> i really went to bed. >> if i didn't stay up the previous night -- >> i know. >> you didn't stay up for it? >> i did not. and if i didn't stay up to that, i'm not staying up for some football game, i'll tell you that. >> my soap opera boys who are here. >> i was thinking about you watching the -- because we hadn't seen the actual end of season two. and i was thinking about what you're missing. there's no way you should not be watching it. >> eventually i will watch it. >> there are. >> i can watch the one that's on. i need to watch it when i -- it's like the new way people view. when you can, when you get a chance. >> did you see that michelle caruso cabrera has the third season on dvd? >> she gave me my soap. >> she did? >> she did. >> she came over the other day. you weren't there at the time, but she was going to show them off. >> yeah. >> let's start with the markets this morning, as well. the s&p retreating from a five-year high yesterday. the stocks finished the session off their lows. u.s. equities are indicated a little weaker. dow futures

. but the fact that he said that we were beautiful and gorgeous, i don't see why any woman wouldn't be flattered by that. >> so she was flattered. she was not offended, still espn put out a fire that wasn't even burning and issued a network apology saying musburger's comments, quote, went too far. nonsense. just tonight i said to a co-worker, you look great tonight. don't send me to h.r. she laughed and said, thank you. no apology from me. people like to be complimented. especially if you're a beauty queen. beauty, he said she was beautiful. i'm don lemon. thank you for watching. from the cnn world headquarters in atlanta, good night. >>> 1776 will commence again if you try to take our firearms. >> the infamous alex jones. how many gun murders were there in great britain? >> how many great white sharks kill people every year but they're scared to swim? >> plus, a man who knows all too well the tragic toll of gun violence. former congressman patrick kennedy. >> i was just disturbed. disturbed as a human being that this is what our civil discourse has come to. >> and i go toe-to-toe with this gun

would not have had a green job. if they installed regulatory, they don't have green jobs. if the install low flow toilet, they have green jobs. farmers, if they grow corn for ethanol, they have a green job. if they grow corn for ethanol and corn for people to eat, they have a green job. if they just grow corn for people to eat, even though they are farms, they don't have green jobs. salvation army workers, if they recycle used clothing, then they have green jobs, too. well, there are 4665 people who produce renewable energy and utility companies, according to the bureau of labor statistics. they just report which came out in april. they are clearly green but you have to ask, are they making energy more expensive or are they making it less expensive. well, it's clear that they're making energy more expensive. the average level has cost entering service in 2017 according to the department of energy is it there till by natural gas which cost $66 per megawatt hour, for wind, $96 per megawatt hour, for solar power, $153 per megawatt hour. well, five years ago in 07 when the energy loan guaran

first and how that's anti-semitic i don't know and that's the issue as far as i can tell regarding the rhetoric of hagel. >> john, another issue of particular of those like me on the left is hagel's comments that he made back in 1998 opposing president clinton's ambassador or nominee to be ambassador calling him openly aggressively gay and recently apologized for the comments and you were really instrumental in getting don't ask don't tell repelled so how do people with an equality for lgbt community and square those comments with supporting hagel's nomination? >> well, we obviously were involved in supporting, you know, a lot of lgbt community, the argument is if you served in iraq and afghanistan and three times why are you kicked out when we're redeployed? i think senator hagel will support the president's policy with lgbt equality and i think that senator hagel did a great job to apologize for it. it wasn't an appropriate statement and something i agree with. when it comes down to the issues of the pentagon that's important like nuclear waste and discretionary spending in the b

are very. were not going to talk about that. don't worry. i was forced to make and a couple of questions raised about "witness" and one might say more generally anti-communism are relevant today. the first place where subfor clearly gets development when we deal with the great communist power communist power of the day, china. chambers -- this is a passage i like. chambers wrote, what i had been felt for me like 30 rags. the rags wrecks itself for me where not a there communism but a new web in the mine, loomis shroud which has part of the spirit of man paralyzing the name of rationalism, the instinct of his soul. denying him the name of knowledge the reality of his soul and his birthright in that mystery on which new knowledge falters and shatters at every step. we now watch the soulless chinese communist party battle chinese christians, chinese buddhists, and believe that they can only offer a few more better factory jobs in port cities that will provide the answer to the chinese people's freedom. everything in that sense that chambers wrote about communism and its failures is quite ad

to me, a lot to you. >> but when you look at the federal debt, maybe not a lot? >> i don't know. i don't know. and you know what? i don't know -- i don't know how big -- >> but at the beginning of the year, you always see a big -- >> and because everything is always contrainan in the stock market and because people rush in at top, i don't necessarily want it to be really big because if it's really big, people are getting ready to -- so i don't know whether it is big. >> you would also think that people would look at this as the prospects for lows on the interest rates. they would say the bond market isn't where i want to be so i'm going to go out on the risk spectrum a little bit. >> i'm still looking in terms of the earlier numbers. >>> let's get to the top corporate story of the morning. it is boeing. phil lebeau is+++jâ„¢n dreamliner. the review is likely to include a study of the design and electrical portions of the plane. we will bring you all that news at 9:00. it's 9:30. there it is. phil will join us from d.c. with more in the next half hour. we'll take a look at boeing shares

don't like money put to work on the up ones. particularly down days caused by the washington curse -- ♪ >> that sadly even seem to infect the great rg3 this weekend. these themes work when the market is down hard as it was earlier today before rebounding moderately. first theme, number-one theme -- the return of the banking business as an investable place to put your money. for five years now we've been under pressure, these bank stocks, under pressure -- one thing or another. it may be because they had to fight to survive or they had to flood the market with new capital, raise capital, meet the requirements, deal with the legacy of many bad loans, take on the federal reserve which has pushed rates so low that it's difficult for banks to make money versus the deposits you provide them. right? they lend, it's so little verse us what they're paying you, they can't make it. it's called net interest margin. they can't make enough off of them. at the end of 2012, we began to get a sense that the cloud was lifting, courtesy of a remarkable run in bank of america which doubled and then

." that was the sherman like statement you issued. >> that's, well, i'm not quite up to sherman's standards and i don't think i'm quite ready to lay waste to georgia either. but a good, good man i admire actually. >> but the grassroots campaign in your behalf, unofficial, was serious. i mean, over 235,000 people signed on. you broke their hearts. any regrets? >> no, because i probably have more influence than i, doing what i do now than i would if i were inside trying to, you know, do the court power games that come with any white house, even the best, which i don't think i'd be any good at. so no, this is fine. and what the president needs right now is he needs a hardnosed negotiator. and rumor has it that's what he's got, so. >> in jack lew? >> that's right. the president can't pass major new legislation. he can't formulate major new programs right now. what he has to do now is bargain down or ride over these crazy people in the republican party. and we what we need now is not deep thinking from the treasury secretary. if the president wants deep thinkers, he can call joe stiglitz, he can call othe

. people can't just respect you, they have to fear you. if they don't fear you, they will not make the necessary changes. >> is there anybody out there who could be that person? >> too early to tell. we just had an election. people are already starting to talk about the horse race for 2016. you do elections -- >> hillary's up. >> we have a serious, serious problem that we need to address. fiscal, education, immigration, infrastructure, health care costs. i can go on and on. even the guns issue. >> the show is over. thank you for being here. >> it's a pleasure. >>> thank you, david. have a great weekend, everybody. right now it's time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm carl with melissa lee, jim cramer, david faber at the new york stock exchange. let's look at futures on a friday morning. mild action here. we are paying attention to the mutual fund inflows. as for europe, disappointing industrial production numbers in spain and the uk. but the euro is at a nine-month high this morning. we begin with the s&p, a five-year high.

that most other places don't. the geometry and geography of san francisco is up that it is easier for us being in a city of short trips to veil ourselves to other alternatives to the car. so when we want to reclaim the street and the public right-of-way and the public realm for people and basic human needs of access to the humanities that urban environments provide, we have a better shot at than, say, other places where large distances have to be traversed in most american cities to kind of get to the places you want to get. here in san francisco, we have been blessed by the geometry where our trips are short where 40 years ago we realized that this was the way we will have to kind of meet our future. the iron call part of that is at the same time europe also discovered that and they made strides to towards actually implementing these alternative choices, we have found it very difficult to kind of wean ourselves from the convenience of being able to. i say it is still convenient to drive. as long as the alternatives are not just as convenient, we won't be able to make our case about our

. but we have our problems, and these include environmental degradation, we don't have enough clean water, we don't have an of clean energy to support a growing population. we have not develop the technologies to solve those problems. here at home we have a very high unemployment rate. and of course, we have a generation of aging baby boomers, like myself, who are wondering how we are going to support ourselves and our retirement. these are all big problems. my thesis is that we will get much further toward solving them if we can engage the power of the private sector to contribute to peace and prosperity. i tell people, i love corporations. i study them the way jane goodall studies chimpanzees. and i appreciate their potential to help solve those problems, to provide jobs to people who need to make a living, and provide decent investment returns. to come up with the technologies that can help us have a more sustainable future where we are in harmony with the environment and the planet. a lot of corporations are doing those things, but not as well as corporations could. corporations could

. >> stephanie: yeah, that's why i think the white house is being very reasoned about this debate don't you? the gun lobbyists are the only ones that are saying you can't talk about anything. >> caller: it comes down to the human being, and each of us knowing the difference between right and wrong. >> stephanie: right. >> caller: and the guy that killed his mom. there has got to be something more to that. it hurts me just as much as it does anybody else. >> stephanie: yeah, i agree. any decent people i think were affected by that -- >> caller: so sad. >> stephanie: right. >> caller: i try to look at both sides of the issue, and it's like -- [ sighs ] >> caller: i am one that has hold 18. >> stephanie: you have a clip. >> caller: and it's only for fun. >> stephanie: yeah. >> caller: it's just for target. i would never hurt anybody. ever. unless they come in to my home to hurt me. >> stephanie: yeah, i hear ya. there are reasonable people on both sides of the debate. remember the feral pig hunter that called yesterday said he needed a 30-round clip because myriading pigs ru

, but you realize thatyou don't -- this is your time to pin the regime and colonel gadhafi to the wall. if you don't expresses what you want from this and have a clear end goal, things will not work out well. and we're willing to say that even if we are poised to make a lot of money out of this. this wasn't the view of everyone, of course, but these kinds of hushed sort of warnings resonated very strongly with me. and i think are in some ways explained or increasingly explained by some of the news that we're hearing in retrospect about what actually went on during some period of the gadhafi regime. so, you know, the book, i think there were basically four takeaways, four main points that i try to make, and one of them is very, sort of has been brought into profile by the presidential debate and the whole issue of what happened in benghazi on september 11th which is the, what i call the myth of libya's irrelevance to u.s. policy. and i think over the course of, if you go back to the foundations of the libyan state in 1951, you know, u.s. relations with libya have been, you know, u.s. ha

explains why we still don't have a budget and how our elected officials have bungled a basic business process most of us handle with ease. a must see. "your money" starts right now. jo america's road to economic recovery is wide open, right in front of us, if our elected officials don't put major blocks in your way. i'm ali velshi. debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money

're at a disadvantage? >> they're at a huge disadvantage. they expected this to happen. i don't know how far -- they were all focussing on 2015. we'll see. >> and wouven my resolutions was i was going to start stepping out a little fashionwise. so i put this on today. it's not white. it's not blue. it's pink. and i am trying to set some new ground for myself and then -- i mean, i look at that thing that -- why are you on me? why are you on me? who is directing? >> go to andrew. thank you. >> it's a gray shirt. >> can you get any closer on that? >> it looks better -- you have to see the pattern. and then the collar itself, that's one of four different collars you can have on that shirt,ite? that comes off, right? >> no. >> that's one of those detachable. >> i think it does look better on camera. >> it's okay. >> when i look at it on camera, take another shot from andrew's head on. >> does it steal my thunder, sort of? >> it looks better on camera. it really does. >> that's a backhanded compliment. >> no, but we talk about that all the time. it looks better on camera. that looks good on camera

with illegal guns and-- >> we don't know those. think about that, people that didn't go through the year long process and took about a year for all of you-- >>, but that-- >> and on a map. >> what the right to privacy. >> the worst thing we're going to see right now, as a legislator, your i disagree with mr. gold on this, you're going to see bills from the senate and assembly that are going to protect us in this manner, but they're going to be coupled with gun control laws that are going to be hideous to us, that are going to be absolute-- come as a package and that's the way that it's going to get passed. >> sean: we're out of time. give you all-- give yourselves a big hand. thank you all for coming. [applause]. and i really appreciate it, thank you all. that's all the time we have left for this week. let not your heart be troubled. we'll be back on monday and i hope you have a great weekend. >> >> good morning, it's saturday, january 12th. i'm alisyn camerota. thanks for joining us so early. the white house is getting pressed on the hill to do just that the latest on the gun control battle

doesn't shoot themselves in the foot in the next two months, which is a possibility, but if they don't, we think the economy is going to do well this year. we think stocks will go higher. inflation is relatively tame, pes relatively low. so even we're at a five-year high, higher and we went down. we think the market is poised to do better over the next year and actually over the next three to five years. >> michael, where are you putting money to work right here at a portfolio manager? >> well, we're putting it all over the place because we run a diversified funds so precious metals, shorter-term bonds because of the potential of higher rates and high grade corporates as well as equity markets, both u.s. and non-u.s. in the short term the stock market can outperform while the economy does not, but in the longer term those two things are going to come back to equilibri equilibrium, so, you know, the market is at a high here, corporate earnings in q3 were very weak. i think q4 earnings will tell a lot, and i think the political dynamic coming up in march is going to be interesting. i d

levels from top to bottom. when we talk about organizing a around a singular principal, i don't think the solution is necessarily to consolidate around existing labor movements. it is not necessarily to formulate a third party platform. the solution is to use these tools and use these bodies in order to consolidate power and to use that power to challenge the way in which decisions are made fundamentally. >> i would like to have time for questions from the audience. please go to one of the of mikes so it can be sure to hear you. i will alternate between mikes as long as we have people at them. >> do you think cooperation does not work in this country because people do not know what it means? non-cooperation, civil disobedience. >> and if not, why not? >> in this country. i believe it should work, that is the only way to help in this country, but it does not really work. >> it works, if you get the numbers. the important thing is about building numbers. and sustaining it. but it certainly works. worked in the labor movement. the problem is it destroyed all of the radical movements. i w

if there are delays, if there are problems, we don't really have a fallback option so we are down to a few critical paths for supporting the station, and so, the complementary nature between the commercial programs and the conservation program i felt was one of its strengths. the lack of a clear rationale for human exploration beyond the international space station is another serious problem. the administration's approach of being capability driven while it has a certain logic to it also has a lot of vulnerability. and historically i think a more strictly geopolitical approach such as i've talked about the close cold war approach for leading the international cooperation what in fact be a better approach for the united states. there are others that one could take that simply talking about the capabilities absent a strategic rationale that's integrated with other international u.s. interests i think is a very flout path as we are seeing today. >> thank you my time is expired. >> the gentleman from minnesota michigan, mr. clark. >> thank you mr. chair to get funding for nasa is important but especial

hill, that could mean trouble. >> i don't see him grabbing a mike which is what i want. i think one of the things that really hurt this whole process is people coming in front of a microphone saying that the talks are bad. leave it in the locker room. especially if you're looking at it as an investor. what really 457ed in the fourth quarter. owning stock, making decisions and someone would come on air and say this is a disaster, no way we could -- i just want quiet. even if it's no, no, no, i want quiet. maybe this man, forest hills man -- >> forest hills high school, too. queen, baby. got to bring inthe hometown. probably a mets fan like me, so he has that going for him, too. but -- >> that could be no, no, no. >> obama in a tough place. could you nominate a former banker? unlikely. could you nominate a ceo? >> i thought they could do dave cody. there's a story in the "new york times" about how everyone has a vested interest. i know dave cody personally and professionally. his vested interest in anyone who read his white paper is to cut trillions out of the budget so we do not beco

,some -- somewhere between 3 and 8 million more will lose their homes if we don't do something. it's not in the rearview mirror, in fact, it's out in front of us. there's lots of con we think sos, obviously. first and foremost, it's the families themselves who are disrupted and taken from their homes, and it's worth just thinking about these numbers for a second. i mean, we're talking about three or four or five million more families, that's as many as 20 million more americans. why it's a problem, mike also alluded to, when you're underwater, your behavior changes. you don't spend as much money on anything. the only thing you consume more of, by the way, is health care. because under the stress, you find when you look at those numbers, that's the thing that goes up. so the costs are significant both to the family, but i'd argue to society and, obviously, to the communities in which these people live. foreclosures cost both hard dollars and soft dollars. there are property tax issues, so i say the consequences are felt by all of us. >> mr. miller, do you have anything to add to tha

you can locate people. you don't talk about a settlement really at the moon, but more and more people that i know that are aware of the economics, aware of history and what this country needs will agree with me that if you go to mars, you go there for permanency. if you go once and come back, go twice and come back i can tell you the senate will find out some other way to spend that money and we will have wasted everything we did. it's a government, conagra's that works on short term objectives to help keep their constituents satisfied by bringing home the bacon to get elected. [inaudible] [laughter] >> from the lead to president kennedy played a role in developing nasa and the space program. where were you when you heard the news and what was your impression of his leadership? >> i was at mit, and i thought there's a very positive statement. after i knew what the mercury program had been set as objectives. in april of 611th, what could we do? may 5th ellen shepherd went up and down. several like richard branson's project. it wasn't a flight. 20 days later, the president said we shoul

've had a 16% run in the u.s. equity market and i don't feel like anybody celebrate that had at all. professional investors have gotten more bullish and individual investors still remain sidelined. lots of cash sitting out there. we know there's issues at hand and know the fiscal cliff is coming down the pike but more importantly the global growth story still remains intact. it is going to have a fair amount of bumps but through the bumps we're looking at using those types of opportunities to add risk assets to client portfolios. >> absolutely our share of issues. talk about this in my observation at the end of the show. rick, a lot of optimism about the direction of this market. you just can't fight the fed. where do you think interest rates are going to do, and that's going to dictate where you want to put your money because we're talking about zero returns elsewhere. >> yeah, i'll tell you what. here's the way i look at it. i think that we're going to have a giant hiccup in the form of activity slowing due to some of the things embedded in the grand bargain at the end of the year

, it pursues it and in the course of doing so it reacts to incentives and pressure. we don't approve of its method but we understand its goals. iran is a familiar problem one with which we have plenty of experience. during the cold war, we managed decent prosperity in europe and asia containing armed soviet union and china. the principle is clear and we are still guaranteeing decent prosperity in asian with a north korea regime that is armed and on a weekly basis threatens to set villages on fire. it is known for its instability and support for terrorism. in that situation has been going on for over two decades and yet, there is a stable containment situation in which the indian economy has been prospering. it is often argued that iran is different because they the iranian regime is irrational. so much so it is impervious to the logic. it is assumed that iran's aim is to start a nuclear armageddon the minute it gets nuclear weapons. it is mandated to do so. there are plenty of american politicians that believe in the happen church but that does -- rapture. if iranians were driven in their f

nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money. it has to pay the bills. republicans seem to think that the debt sealing is a good tool to limit how much the government spends, the current debt ceiling was hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to ghet get it through and sometime late february, early march, they might. if congress doesn't act by then, the government risks not being able to pay some bills. if that's not enough. by march 1st, we could be heading off the sequester cliff. that's because the fiscal cliff deal that passed last week put off what to do with government spending for two months. blanket cuts are still mandated by law to take effect unless both parties can agree to more targeted cuts. now republicans will target entitlement. democrats will stand in their way, the gop will use the debt ceiling as a hammer to bang on the heads of democrats to try to get their way on cuts. if

going into 2013 and 2014. having said that, we don't see this as being the biggest issue and certainly in continental europe and perhaps particularly in the periphery where the growth outlook has been most negative over the last few months and quarters, it probably hasn't been the biggest constraint. so we don't really see it as a game changer either in credit creation or in growth or the prospects. >> it's been suggested we should ripped up basel and start again. do you have any comments on that? >> andy's conversation is one that resinates with those of us who work in the financial industry. we live in a world of great plexty and regulation. having said that, i do also think that the idea of rules can govern a complex gibson, intellectual appealing and problems. we do need to have rules that contain some of the allegations and successes that we saw over the last date. i think right now the key is to get the balance right. but at the same time, doesn't choke off credit creation. >> it was interesting this morning, do you see a little comparison between the u.s.? one of the things he t

. >> absolutely. >> it's the size of the government. it's intrusion in our lives that's the problem here. we don't talk enough about it, the victims of this policy. it's all savers, particularly seniors, it is our children and grandchildren. what we're doing to them is utterly immoral. we've got to come to grips with that. >> senator, what are you going to do for the debt ceiling? is there a plan that gets us -- it's not going to be a grand plan. >> as a matter of fact, yes. the cbo has got a big thick book, and it shows $4.9 trillion of ways we can reduce spending. it's a menu. >> but you don't think we'll be doing that. are you going to vote for -- >> we'll do dollar for dollar, whether $100 billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the street." i'm melissa lee, live

this year, but it seems as though it's even conceivable that he could wait out 2013 or no? >> no, i don't think so. i would say he hasn't fallen yet, but we're now into the end game where it's clear he's going to fall and just a question of how long, not just we're predicting, we want him out, but he really is on his way out. i don't think there is any way he will survive 2013, but i'm not convinced there will be a government to replace him by the end of 2013. >> why has he stayed there as long? i was more skeptical that he would fall quickly and the reason was simple. the syrians have a great army, a very strong army, and they have been incredibly brutal in their willingness to use it against the rebels. >> that's part of it. it's a real state. this is not like -- this is a real state but look what happened to the sunnis in iraq. they took their cue from that. they know it's not going to be pretty, the aftermath, plus they had external support. the russians and the chinese diplomatically and the iranians militarily. with military and economic support, oil support. you add all this up a

, but they have zero political power. they're not focused. they don't make demands. they're not an activist group that say take us seriously and don't have the money to back it up. that's an enormous difference. giglio he's fighting against sex slavery, et cetera. >> very important work in that reward. some say this happened 15 years ago. is it fair to say this is the guy we draw the line on? >> other prominent speaker had evolved. had he evolved i think people would have given him a pass. he demonstrated that he hasn't evolved. you mentioned things he wrote in his withdrawing from the inauguration statement. there was some, you know, certain like dog whistling about not being aevolved at all. i will most certainly pray for him on inauguration day. our nation is divided. >> cenk: let me give the audience one last quote from giglio. this is from the mid-1990's: >> cenk: well, if he wanted to move aggressively toward that community, and they move aggressively back, that's sad day. it's constantly one way attack. it used to be for a long, long time and they get so hurt if you fight back. i think if

gave to the a.f.l.c.i.o. in 1961. we don't need two movements. if you would agree to desegregate unions, we would have one movement. they rejected him and rejected that offer. andy young tells a story in the introduction to a book called "the closing door" and he says, you know, after king was assassinated, the johnson administration came with affirmative action and at the time, you may have read if not remembered, the civil rights movement, martin luther king had turned to full employment and poor people's campaigns as a principal demand. and the johnson administration, rather than coming up with full employment came up with affirmative action. you won't see eyes on the prize, black people marching on the street demanding affirmative action. they were demanding full employment and trying to reach out to whites, latinos, native americans, that was the division. when affirmative action happened, we knew it would only help the upper middle class within the black community, a very small percentage of african-americans kids were going to go to these elite colleges that affirmative action wa

forecast, 1.35. we don't see the -- lasting in euro/dollar. more on sterling, more on the yen. i think we're moving away from the fixation about euro/dollar. and it seems strange that everything is saying that the ecb or european politicians aren't able to do anything. and so i think we'll have to watch europe very carefully. but i think the break-up risk is coming out of the market. >> yeah. it appears to be the case. and we have something to watch today in spain, as well. it's the first bond auction of the year for the al beeran company. the treasury is slashing the debt market up to 5 billion euros since 2013. lloyd's expects a positive results with the first take up. it will be the first issue to feature a collective action clause, designed to make it easier for the government to restructure debt in the case of future crisis. and president obama is expected to make the final touches to his second term economic team today. cnbc's john harwood has more on the changes coming to the u.s. treasury department. >> president obama has already filled out the members of his national security te

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